Opalum, based in Stockholm, Sweden, offers a complete suite of market-leading sound enhancement software for a number of applications such as mobile phones, tablets, TVs, and laptops. Opalum has developed proprietary software that enables significantly richer sound in constrained applications, and software licencees include Xiaomi, LG, and Oppo.
With the acquisition of Opalum, Cirrus Logic enriches its strategic position within sound enhancement technology as well as creating strong synergies with its existing business.
Pär Gunnars Risberg, CEO of Opalum said: “We are very pleased to have found a partner that will enable us to further enhance the sound quality of mobile devices. Cirrus has a strong track record and combined with its integrated circuits business we have a significant strategic advantage going forward. The successful transaction was enabled by the dedicated and knowledgeable team at GP Bullhound that has supported us throughout the process.”
Per Roman, Managing Partner of GP Bullhound commented: “This wonderful company is a great showcase of the advanced technology we are able to develop in Sweden. Pär Gunnars Risberg and his team have made innovations that now, as part of Cirrus Logic, will provide millions of consumers with a better sound experience. SEB Ventures and Industrifonden have also been exemplary owners for the company and it has been a great pleasure to advise Opalum.”
This represents the completion of GP Bullhound’s 14th transaction in 2015 and demonstrates the firm’s seamless transatlantic footprint and commitment to working with category leaders within the audio industry, with previous deals including Zound Industries, Spotify, Believe Digital, Libratone, We7, 7Digital, and Tunigo.
For enquiries please contact Per Roman, Managing Partner: [email protected]
As dealmakers in technology, GP Bullhound provides independent strategic advice on mergers and acquisitions and private placements to entrepreneurs, companies and investors. By combining a true passion for innovation with great access to global buyers and capital across Europe, US and Asia, GP Bullhound has completed transactions with many category leaders including Avito, Delivery Hero, Fjord, King.com, Pingdom, Pozitron and Spotify. The firm was founded in London in 1999 and today also has offices in San Francisco, Stockholm, Berlin and Manchester.
Opalum AB is the sound technology licensing division of Actiwave AB which was founded in 2007 in Stockholm, Sweden. The technology consists of a broad range of individual IPs and a complete solution audio enhancement in physically constrained acoustic designs. The technology can for example be applied in smartphones and tablets.